Injectable Drugs Market, By Molecule Type (Small Molecule and Large Molecule), By Drug Class (Blood Factors, Cytokines, Peptide Hormone, Immunoglobulin, Monoclonal Antibodies (mAbs), Insulin, and Other Drug Classes), By Application (Oncology, Neurology, Cardiovascular Diseases, Autoimmune Diseases, Infectious Diseases, Pain, and Other Applications), and By Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America)- Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028
Drug injection is a method of introducing a drug into the bloodstream via a syringe and needle. Injectable drugs are used to treat wide variety of diseases and disorders. The method improves the speed and effectiveness of drugs to the target. Drug delivery using injections are used for curative care and immunization.
Market Dynamics:
Increase in adoption of injectable drugs, rise in prevalence of chronic and neurological disorders, increase in focus on the development of injectable drugs, increase in demand for biologics, and outbreak of COVID-19 are major factors expected to drive growth of the global injectable drugs market during the forecast period.
For instance, in May 2022, the U.S. Food and Drug Administration (USFDA) approved Mounjaro (tirzepatide) injection, Eli Lilly's once-weekly GIP (glucose-dependent insulinotropic polypeptide) and GLP-1 (glucagon-like peptide-1) receptor agonist indicated as an adjunct to diet and exercise to improve glycemic control in adults with type 2 diabetes.
Moreover, in January 2021, U.S. FDA approved Cabenuva (cabotegravir and rilpivirine, injectable formulation) as a complete regimen for the treatment of human immunodeficiency virus type 1 (HIV-1) infection in adults. This is the first FDA-approved injectable, complete regimen for HIV-infected adults that is administered once a month.
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